Airbus SE Reports Solid Nine-Month 2024 Results
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Airbus SE Reports Solid Nine-Month 2024 Results

Airbus Se (OTC) ( (EADSY) ) has realeased its Q3 earnings. Here is a breakdown of the information Airbus Se (OTC) presented to its investors.

Airbus SE is a leading global aerospace corporation that specializes in manufacturing commercial aircraft and provides services in the helicopter, defense, and space sectors. The company is recognized for its innovation in aerospace design and technology.

In its nine-month 2024 financial report, Airbus SE reported revenues of €44.5 billion, with 497 commercial aircraft delivered. The company maintained its guidance, reflecting solid demand across its product range despite challenges in the supply chain and geopolitical uncertainties.

Key financial highlights include a 5% year-on-year increase in consolidated revenues and a reported EBIT of €2.7 billion. However, Airbus experienced a decrease in adjusted EBITA to €2.8 billion, influenced by investments for future projects. The company’s net income stood at €1.8 billion. A notable increase was seen in Airbus Helicopters with 308 net orders, and Airbus Defence and Space reported a rise in order intake to €11.0 billion.

Despite a negative free cash flow of €-0.8 billion before customer financing, attributed to inventory build-up and program ramp-ups, Airbus continues to focus on ramping up commercial aircraft deliveries and transforming its defense and space division.

Looking ahead, Airbus aims to deliver around 770 commercial aircraft in 2024, with an adjusted EBITA target of €5.5 billion and free cash flow before customer financing of €3.5 billion. The company remains vigilant of geopolitical and supply chain challenges, while striving to achieve its strategic priorities.

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